Saturna Capital Corp Acquires Shares of 17,500 Banco Santander, S.A. $SAN

Saturna Capital Corp bought a new position in shares of Banco Santander, S.A. (NYSE:SAN) during the second quarter, HoldingsChannel reports. The institutional investor bought 17,500 shares of the bank’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Banco Santander by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 715,939 shares of the bank’s stock valued at $4,797,000 after purchasing an additional 47,000 shares during the period. New York State Common Retirement Fund purchased a new stake in Banco Santander in the first quarter valued at about $3,283,000. Choreo LLC boosted its holdings in Banco Santander by 10.2% in the first quarter. Choreo LLC now owns 100,403 shares of the bank’s stock worth $673,000 after acquiring an additional 9,313 shares in the last quarter. SYM FINANCIAL Corp raised its position in shares of Banco Santander by 32.3% in the 1st quarter. SYM FINANCIAL Corp now owns 27,021 shares of the bank’s stock valued at $181,000 after purchasing an additional 6,594 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Banco Santander in the 1st quarter worth approximately $74,000. 9.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SAN. The Goldman Sachs Group cut shares of Banco Santander from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Santander in a research report on Wednesday, October 8th. Zacks Research lowered Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Kepler Capital Markets downgraded shares of Banco Santander from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Santander Price Performance

SAN opened at $10.29 on Thursday. The stock has a market cap of $153.10 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.70 and a beta of 1.05. The firm has a fifty day moving average price of $10.17 and a 200 day moving average price of $9.11. Banco Santander, S.A. has a 1 year low of $4.43 and a 1 year high of $11.13.

Banco Santander (NYSE:SAN) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $17.80 billion during the quarter, compared to analyst estimates of $15.32 billion. Banco Santander had a return on equity of 11.92% and a net margin of 17.90%. Banco Santander has set its FY 2025 guidance at EPS. Equities analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current year.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, November 6th. Stockholders of record on Friday, October 31st were paid a dividend of $0.0956 per share. This represents a dividend yield of 263.0%. The ex-dividend date of this dividend was Friday, October 31st. Banco Santander’s dividend payout ratio is presently 19.15%.

About Banco Santander

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.